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Please provide the proper IRC citation that indicates the credit % and the phase-out % per # of qualifying children. This is a single IRC

Please provide the proper IRC citation that indicates the credit % and the phase-out % per # of qualifying children. This is a single IRC citation in which the respective %s match Exhibit 8-11.

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Additionally, please calculate the 2022 earned income credit for MFJ taxpayers with 2 dependent children (ages 9 and 12) with earned income and AGI of $40,000. Prepare your calculation in Excel and show all work.

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